Subject: RE: I thnk I finally understand fastbook depressionJackemy1 - 2013-02-15 10:15 AM Increasing minimum wage is the fastest way to erode the middle class so it is very odd that a President who touts himself as the savior of the middle class is championing this as a major goal. The point of MW is for a worker to be able to feed, cloth and house themselves with a full time job on that wage without assistance. Not buy flat screen tv's or iPods. Just the basics. Today it's $15,600. That can't really be done these days. I would agree that minimum wage increase by itself, does erode the middle class, but when supplemented with education, training, and teaching skills, actually helps to strengthen the middle class. The question, IMO is where is all the money going to come from? You can't save every baby seal. |